The NIVO1 Accounts Payable Platform allows buyers and suppliers to conduct business and get access to low-cost working capital. The Platform digitally connects any company with its suppliers, enabling the entire supply chain to transact and collaborate. The NIVO1 Platform includes Accounts Payable Automation, a Supplier Portal, Digital Payments and Working Capital solutions.
According to the Aberdeen Group, it takes on average 14.2 days and costs between $5 and $25 to process an invoice manually. NIVO1 Accounts Payable Automation changes all that. It digitizes and automates the entire invoice payment process, dramatically reducing errors and improving processing speed. Users experience productivity increases of 6 to 8 times with no errors.
The NIVO1 Supplier Portal is a secure, cloud-based application that enables suppliers to submit invoices, manage inquiries on their own and get immediate access to working capital. Suppliers gain transparency and predictability of their cash flow, and you get your Accounts Payable team back while building trust with your suppliers.